Ladbrokes PLC’s “Outperform” Rating Reaffirmed at BNP Paribas (LAD)
Ladbrokes PLC (LON:LAD)‘s stock had its “outperform” rating restated by equities researchers at BNP Paribas in a research report issued on Monday. They currently have a GBX 180 ($3.02) price objective on the stock. BNP Paribas’ price objective points to a potential upside of 41.40% from the company’s current price.
Shares of Ladbrokes PLC (LON:LAD) traded up 2.51% during mid-day trading on Monday, hitting GBX 130.50. The stock had a trading volume of 4,194,516 shares. Ladbrokes PLC has a 1-year low of GBX 125.90 and a 1-year high of GBX 204.80. The stock’s 50-day moving average is GBX 135.1 and its 200-day moving average is GBX 143.4. The company’s market cap is £1.188 billion.
A number of other analysts have also recently weighed in on LAD. Analysts at Goodbody Stockbrokers Ltd reiterated a “sell” rating on shares of Ladbrokes PLC in a research note on Thursday. They now have a GBX 125 ($2.10) price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Ladbrokes PLC from GBX 177 ($2.97) to GBX 165 ($2.77) in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Finally, analysts at Barclays reiterated an “underweight” rating on shares of Ladbrokes PLC in a research note on Thursday, July 24th. They now have a GBX 137 ($2.30) price target on the stock. Ten investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 196.78 ($3.30).
Ladbrokes plc is engaged in betting and gaming. The Company operates in five segments: UK Retail, European Retail, Digital, Core Telephone Betting and High Rollers.
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